As far as investor appeal on the African continent goes, South Africa is losing its edge, says RMB. Here’s why …
South Africa is no longer the top dog on the African continent when it comes investment prospects. This is according to, South Africa is not the top dog on the African continent. And the quicker we accept that other countries are more attractive to investors and we implement crucial reforms to boost economic activity, the better-off we’ll be in the long-term.The African continent is tricky for investors but massive returns are plausible in the right countries.
According to the report, South Africa has slipped to fourth place behind Seychelles, Mauritius and Egypt in Africa. This is due, in part, to the fact that South Africa’s economy has remained stagnant for the past decade, with onlyGDP growth annually. As a result, South Africa ranked last on RMB’s lists of ‘GDP growth’, ‘income inequality’ and ‘unemployment rate’.growth is possible in South Africa.
Likewise, Standard Bank CEO Sim Tshabalala says for the first time Standard Bank made more money from its rest-of-Africa operations than it did in its home market. Therefore, proving that South Africa is lagging behind the rest of the African continent.
Africa’s largest country by population, Nigeria, failed to win a single medal at the recently concluded Paris Olympics 2024.
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